Debt investor information

Credit ratings

The most recent rating received from S&P Global Ratings (S&P) for African Bank Limited was that of 25 July 2023. The global long- and short-term issuer credit rating was retained at a ‘B’, with the outlook improving from “stable” to “positive”. S&P have also affirmed the ‘zaA-/ zaA-2’ long-term and short-term South African national scale ratings for African Bank, respectively.

On 4 October 2023 Moody’s Investors Service (Moody’s) issued its inaugural rating. It assigned African Bank Limited with a long- and-short- term local and foreign currency deposit ratings of ‘B1/NP’, with a stable outlook assigned to the long-term deposit rating. Moody’s also assigned a long-and-short-term national scale bank deposits rating of ‘A3.za/P-2.za’.

Funding overview

The African Bank Group has three listed Domestic Medium-Term Note (DMTN) Programmes which are:

  • The African Bank Limited DMTN programme,
  • The African Bank Holdings Limited programme, and
  • The Grindrod Bank Limited DMTN programme (see the Grindrod Bank website for details of this programme)

In addition to wholesale funding raised by means of the DMTN programmes listed on the JSE, bilateral deposits are raised from South African corporate asset managers on a one-on-one basis. This funding is subject to certain general and product specific terms and conditions. These terms and conditions are detailed in this section below.”

 

Archives


  • 30 Mar 2022
    Supplement to the DMTN programmes
  • 29 Mar 2022
    Applicable pricing supplement – ABJ04
  • 29 Mar 2022
    Applicable pricing supplement – ABJ05
  • 14 Mar 2022
    Updated Business and Risk Information Memorandum to the DMTN programmes
  • 14 Sep 2021
    Applicable Pricing Supplement – ABJ03
  • 28 Apr 2021
    Applicable Pricing Supplement – ABJ02 tap
  • 31 Mar 2021
    Applicable Pricing Supplement – ABJ02
  • 18 Mar 2021
    Updated Business Risk and Information Memorandum to the DMTN programme
  • 09 Dec 2019
    Applicable Pricing Supplement – Tap of ABJ01
  • 02 Dec 2019
    Applicable Pricing Supplement - ABJ01
  • 28 Nov 2019
    Applicable Pricing Supplement - Tap of ABX01
  • 24 Oct 2019
    African Bank Limited EMTN Base Prospectus – October 2019
  • 24 Oct 2019
    African Bank Limited EMTN – Fiscal Agency Agreement
  • 24 Oct 2019
    African Bank Limited EMTN – Deed of Covenant
  • 24 Oct 2019
    African Bank Limited Memorandum of Incorporation
  • 24 Oct 2019
    African Bank Limited Amendment to Memorandum of Incorporation
  • 13 Mar 2019
    African Bank Limited DMTN Programme Memorandum 2019
  • 13 Mar 2019
    Business Risk Information memorandum to the DMTN Programme
  • 13 Mar 2019
    DMTN Pro Forma Financial Information of African Bank Limited and Reporting Accountants Report
  • 05 Nov 2018
    African Bank Limited DMTN Programme Memorandum 2016
  • 05 Nov 2018
    Supplement to the DMTN Programme Memorandum 2018
  • 05 Nov 2018
    Business and Risk Information Memorandum to the DMTN Programme
  • 05 Nov 2018
    DMTN Pro Forma Financial information of African Bank Limited and Reporting Accountants report
  • 08 Sep 2017
    African Bank Limited DMTN Form of Tender Instruction
  • 08 Sep 2017
    African Bank Limited DMTN Tender Offer termsheet
  • 14 Apr 2016
    African Bank Limited (New) APS - ABK 3 floating rate
  • 05 Apr 2016
    African Bank Limited (New) - Pricing Supplement CHF 84m
  • 05 Apr 2016
    African Bank Limited (New) - Pricing Supplement CHF 100m
  • 05 Apr 2016
    African Bank Limited (New) - Pricing Supplement CHF 120m
  • 05 Apr 2016
    African Bank Limited (New) - Pricing Supplement CHF 140m
  • 05 Apr 2016
    African Bank Limited (New) – Final Terms USD 280m 6.0 per cent
  • 05 Apr 2016
    African Bank Limited (New) – Final Terms USD 280m 8.125 per cent
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 1 fixed rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 2 fixed rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 4 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 5 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 6 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 7 floating rates
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 8 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 9 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 10 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 11 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 12 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK101 indexed rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK102 indexed rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK103 indexed rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK104 indexed rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABKS1 Tier 2 notes
  • 04 Apr 2016
    EMTN Prospectus
  • 04 Apr 2016
    Product specific terms and conditions (Negotiable instruments)
  • 04 Apr 2016
    Product specific terms and conditions (Corporate deposits)
  • 04 Apr 2016
    General terms and conditions (Corporate instruments)
  • 22 Mar 2016
    African Bank Limited (New) DMTN Programme Memorandum